LAKE WALES AREA CHAMBER OF COMMERCE (EIN 590324245) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

SKIP ALFORD

Phone

8636763445

Tax Period

2025-01-01 to 2025-12-31

LAKE WALES AREA CHAMBER OF COMMERCE, founded in 1971, is a small nonprofit that reported $301K in total revenue in fiscal year 2025.

Mission

CHAMBER OF COMMERCE WHICH PROMOTES THE LAKE WALES BUSINESS DISTRICT AND EDUCATES INTERESTED PARTIES ABOUT THE LAKE WALES AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $248,098

Program Service Revenue $12,500

Investment Income $1,140

Other Revenue $39,055

TOTAL REVENUE $300,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,854

Fundraising Expenses $0

Program Expenses $309,607

Other Expenses $94,753

TOTAL EXPENSES $309,607

Year-over-Year Comparison

	2025	2024	Change
Revenue	$300,793	$291,249	+0.0%
Expenses	$309,607	$293,860	+0.1%
Net Income	$-8,814	$-2,611	+2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG CLARK	DIRECTOR	N/A	Director	$0	$0	$0
CLARKE GERALD	DIRECTOR	N/A	Director	$0	$0	$0
TAMMY BRACEWELL	TREASURER	N/A	Officer Director	$0	$0	$0
ROYCE BROWN	DIRECTOR	N/A	Director	$0	$0	$0
SHANNON GRAVES	CHAIRMAN	N/A	Officer Director	$0	$0	$0
NANCY DODD	SECRETARY	N/A	Officer Director	$0	$0	$0
DANNY GILL	DIRECTOR	N/A	Director	$0	$0	$0
CHAD BARNHARDT	DIRECTOR	N/A	Director	$0	$0	$0
RYAN RIES	DIRECTOR	N/A	Director	$0	$0	$0
ALRICKY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
RJ MAHALAK	DIRECTOR	N/A	Director	$0	$0	$0
SKIP ALFORD	PRESIDENT/CE	N/A	Officer	$0	$0	$0
ADRIJANA HUNT	DIRECTOR	N/A	Director	$0	$0	$0
TOMMY OAKLEY	DIRECTOR	N/A	Director	$0	$0	$0
BELKIS CAPELES	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$300,793	$309,607	$159,108	$-8,814
2024	$291,249	$293,860	$177,940	$-2,611
2023	$319,612	$298,171	$170,192	$21,441
2022	$273,364	$267,108	$142,967	$6,256
2021	$274,109	$225,722	$135,187	$48,387
2020	$285,545	$279,101	$89,792	$6,444
2019	$293,385	$295,056	$84,171	$-1,671
2018	$316,551	$320,048	$91,827	$-3,497

LAKE WALES AREA CHAMBER OF COMMERCE